Correlation Analysis
Datadog, Inc. Class A Common Stock vs JPMorgan Chase & Co.
DDOG vs JPM
+0.491
Moderate positive
When one moves up, the other tends to follow.
Datadog, Inc. Class A Common Stock
↗DDOG
Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered via software as a service, enables clients to monitor and analyze their entire information technology infrastructure, from servers to applications and Python scripts. Datadog's platform can ingest and analyze large amounts of machine-generated data in real time, allowing clients to utilize it for a variety of applications throughout their businesses to ensure uptime and latency objectives.
Market cap 41.2B · 8,100 employees
JPMorgan Chase & Co.
↗JPM
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with more than $4.4 trillion in assets. It is organized into four major segments: consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates and is subject to regulation in multiple countries.
Market cap 792.5B
Time Series
Relative Performance
Who Moves First
in sync
DDOG and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.491 (they moved in the same direction).
Do They Crash Together?
Correlation by Market Regime
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+0.475
13 periods · Return correlation when both series rose
Both Falling
+0.529
9 periods · Return correlation when both series fell
Diverging
-0.692
13 periods · Return correlation when series moved apart
R-Squared
24.1%
Share of variance in one series explained by the other.
Trend Agreement
58.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,254
Deep shared window — 1,254 usable pairs.
Significance
p < 0.001
95% CI: [0.447, 0.532]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points survived the daily window.
Raw input
1,254
1,254
Normalized
1,254
1,254
Prepared
1,254
1,254
Aligned
1,254
1,254
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Datadog, Inc. Class A Common Stock
DDOG
Market cap 41.2B · 8,100 employees
Stock · 1,254 raw → 1,254 prepared
Series B
JPMorgan Chase & Co.
JPM
Market cap 792.5B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
1.1126
Linear regression slope.
Intercept
60.4932
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
DDOG
Datadog, Inc. Class A Common Stock
Highest
+0.536
NetFlix Inc
NFLX · 1,254 data points
Lowest
-0.142
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 9 hours ago · ID: stock-ddog-vs-stock-jpm-daily